Canadian Prodigy Capital Corporation: Initial Public Offering.LAVAL, Quebec Laval (pronounced  ) is a city and a region in southwestern Quebec, Canada in the Greater Montreal Area. It is located on Île Jésus, across the Rivière des Prairies from Montreal. -- Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. Prodigy An online information service that provides access to the Internet, e-mail and a variety of databases. Launched in 1988, Prodigy was the first consumer-oriented online service in the U.S. Capital Corporation ("Prodigy"), a capital pool company, announced today that it has closed, on December 8, its initial public offering consisting of the issuance of 4,000,000 common shares at a price of $0.20 per share, for gross proceeds to the Corporation of $800,000. In connection with the offering, Prodigy paid Union Securities Ltd. ("Union"), the agent, a cash commission of $80,000 and issued an option entitling Union to purchase 280,000 common shares of Prodigy at a price of $0.20 per share for a period of 18 months from the date of listing of the common shares of Prodigy on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. . Prodigy will undertake the necessary procedures in order to proceed with the listing of its shares on the TSX Venture Exchange as a capital pool company. The TSX Venture Exchange has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this release. |
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